Nisa Investment Advisors LLC Buys 56 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Nisa Investment Advisors LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,387 shares of the technology company’s stock after acquiring an additional 56 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Tyler Technologies were worth $10,603,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies in the 3rd quarter worth approximately $27,000. Tobam bought a new stake in shares of Tyler Technologies in the third quarter worth $78,000. Quarry LP purchased a new stake in Tyler Technologies during the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after acquiring an additional 21 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Tyler Technologies in the third quarter worth about $79,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Up 1.2 %

TYL stock opened at $593.28 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The business has a 50 day simple moving average of $598.42 and a two-hundred day simple moving average of $585.06. The company has a market capitalization of $25.39 billion, a price-to-earnings ratio of 108.26, a PEG ratio of 4.54 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.66 earnings per share. Research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,202,504. This represents a 20.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 in the last 90 days. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TYL shares. JMP Securities upped their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.